MANH Options History — June 2012

In June 2012, MANH traded between $10.85 and $11.56. ATM implied volatility averaged 33.3%, placing in the 10.7% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 11.1% (HV 20d: 22.2%). Max pain ranged from $11.25 to $12.50. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.57.

Notable Days

2012-06-29: Highest Volume — 1,984 contracts
2012-06-07: Largest IV spike — 58.0% change
2012-06-13: Highest IV Rank — 28.9%
2012-06-12: Largest Expected Move — 11.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$11.27	$10.85	$11.56	$11.37	$11.43
Max Pain	$11.31	$11.25	$12.50	$12.50	$11.25
ATM IV	33.3%	28.0%	52.4%	38.1%	36.9%
Expected Move	9.3%	8.0%	11.1%	10.9%	10.6%
HV 20d	22.2%	20.5%	25.2%	22.9%	25.2%
HV 60d	26.2%	25.7%	28.3%	26.7%	28.3%
IV Rank	10.7%	5.7%	28.9%	15.3%	14.1%
IV Percentile	21.6%	8.7%	67.9%	34.9%	38.1%
Term Structure	0.5%	-16.6%	4.0%	-16.6%	-3.2%
VWIV	33.1%	26.8%	43.9%	43.9%	37.0%
Skew 25d	7.2%	-12.4%	17.2%	-12.4%	8.7%
Skew 10d	13.8%	-14.1%	25.8%	-14.1%	15.6%
Call IV 25d	27.6%	20.7%	40.1%	40.1%	31.5%
Put IV 25d	34.8%	27.7%	41.3%	27.7%	40.2%
Bid-Ask Spread %	66.23	8.62	117.48	117.48	17.86
Gamma HHI	0.29	0.23	0.50	0.23	0.43
Net GEX	-2.3K	-53.0K	12.0K	8.2K	-35.9K
Net DEX	229.1K	-95.6K	1.0M	43.8K	423.5K
Net VEX	-6.9K	-8.2K	-5.7K	-8.2K	-7.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.57	0.00	5.20	1.00	3.10
Total Volume	208.571	0	1,984	0	1,984
Total OI	3,816.952	3,240	4,612	3,992	4,612

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2012-06-01	$11.37	$12.50	38.1%	10.9%	22.9%	15.3%	0.0%	-12.4%	-16.6%	8.2K	43.8K	-8.2K	0.00	117.48	0	0	2,356	1,636
2012-06-04	$11.50	$11.25	33.1%	8.9%	23.1%	10.5%	0.0%	5.6%	3.0%	1.7K	319.0K	-7.1K	0.00	110.51	0	0	2,356	1,636
2012-06-05	$11.47	$11.25	30.0%	9.4%	22.4%	7.6%	0.0%	5.9%	2.1%	7.7K	180.7K	-7.7K	0.00	91.37	0	0	2,356	1,636
2012-06-06	$11.54	$11.25	29.2%	9.9%	22.5%	6.8%	0.0%	6.8%	2.0%	7.0K	143.4K	-7.8K	0.00	103.20	0	0	2,356	1,636
2012-06-07	$11.56	$11.25	46.1%	9.9%	22.6%	22.9%	0.0%	17.2%	3.4%	12.0K	-95.6K	-8.1K	0.00	87.93	0	0	2,356	1,636
2012-06-08	$11.50	$11.25	32.0%	9.6%	22.6%	9.5%	0.0%	4.9%	2.7%	7.9K	230.8K	-7.3K	1.00	95.78	40	40	2,356	1,636
2012-06-11	$11.28	$11.25	29.3%	10.3%	23.1%	6.9%	43.9%	11.2%	4.0%	3.0K	288.1K	-7.1K	0.00	96.32	0	40	2,396	1,676
2012-06-12	$11.26	$11.25	39.5%	11.1%	23.1%	16.6%	0.0%	9.7%	-0.9%	3.8K	302.4K	-7.3K	0.00	95.76	0	0	2,396	1,676
2012-06-13	$11.17	$11.25	52.4%	9.8%	22.3%	28.9%	0.0%	10.3%	-0.0%	-131	229.4K	-6.6K	0.00	90.88	40	0	2,396	1,496
2012-06-14	$11.26	$11.25	31.5%	9.0%	22.3%	9.0%	0.0%	6.0%	2.1%	5.2K	130.7K	-6.6K	0.00	88.15	0	0	2,436	1,424
2012-06-15	$11.37	$11.25	31.1%	8.9%	22.1%	8.6%	26.8%	6.9%	2.2%	4.1K	47.3K	-6.8K	0.50	83.54	8	4	2,436	1,424
2012-06-18	$11.38	$11.25	30.5%	8.7%	21.0%	8.0%	30.5%	5.7%	0.4%	3.6K	-8.6K	-6.5K	2.30	93.86	80	184	2,004	1,236
2012-06-19	$11.43	$11.25	29.1%	8.4%	20.9%	6.7%	29.2%	6.2%	2.3%	6.1K	-53.6K	-6.8K	0.00	96.78	0	120	2,084	1,236
2012-06-20	$11.29	$11.25	30.0%	8.6%	21.1%	7.6%	0.0%	5.1%	0.8%	2.8K	33.4K	-6.5K	0.50	24.59	80	40	2,084	1,236
2012-06-21	$11.07	$11.25	30.3%	8.7%	20.5%	7.9%	0.0%	11.2%	0.5%	-494	178.0K	-6.3K	5.20	24.95	40	208	2,120	1,276
2012-06-22	$11.10	$11.25	30.2%	8.6%	20.6%	7.7%	0.0%	10.2%	0.4%	-5.3K	258.8K	-6.4K	0.00	27.72	0	0	2,124	1,404
2012-06-25	$10.85	$11.25	28.0%	8.0%	21.7%	5.7%	0.0%	5.9%	2.6%	-9.6K	417.0K	-5.7K	0.00	13.21	0	0	2,124	1,404
2012-06-26	$10.91	$11.25	29.2%	8.4%	21.4%	6.8%	29.2%	7.3%	1.3%	-9.4K	391.8K	-5.8K	0.00	12.44	20	0	2,124	1,404
2012-06-27	$11.00	$11.25	31.0%	8.9%	21.9%	8.5%	31.4%	10.5%	1.1%	-7.4K	324.7K	-6.1K	0.00	8.62	0	1,124	2,124	1,404
2012-06-28	$10.86	$11.25	31.1%	8.9%	22.0%	8.6%	36.7%	7.4%	-0.3%	-53.0K	1.0M	-6.5K	3.10	9.93	80	248	2,124	2,324
2012-06-29	$11.43	$11.25	36.9%	10.6%	25.2%	14.1%	37.0%	8.7%	-3.2%	-35.9K	423.5K	-7.7K	0.00	17.86	0	1,984	2,200	2,412